USD Rebounds in Asian Trading, JPY Weakens Further
The US dollar has recovered ground during late Asian trading after a dip yesterday, while the Japanese yen continues to lose value against the greenback, reaching levels not seen in some time.
USDJPY
US equity markets appear to be regaining confidence, providing support to the broader risk sentiment.
The US dollar lost some ground yesterday but has been back in the green during today's late Asian session, according to market sources. This suggests a short-term recovery in the greenback.
In the Far East, the Japanese yen continued to lose ground against the US dollar despite the dollar's earlier weakening on the FX markets. The pair touched levels not seen in recent history, indicating persistent yen weakness.
Source: FXStreet Forex News